By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Pan-Africa lender Ecobank Transnational Incorporated (ETI) will today (Monday) March 03, 2014 hold and extraordinary general meeting (EGM) to reconstitute its board. On January 09, 2014, Nigeria’s Securities and Exchange Commission (SEC) had advised the pan-Africa bank, to appoint a substantive board chairman who […]
Frauds & Scandals
Citigroup reports fraud in Mexico unit, lowers 2013 results
Citigroup Inc (C.N) said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million. The company said in a statement the matter involved about $585 million in short-term credit extended by its Banamex unit to Oceanografia SA de […]
Nigeria’s next central bank chief a steady hand, who’ll keep out of politics
* New governor likely to continue tight monetary policy * Central bank will be expected to stay out of politics * Governor will have challenge of defending the naira Nigeria’s incoming central bank governor Godwin Emefiele is seen as a steady hand who will maintain tight monetary policy in the […]
